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151-237 TX-188
Aransas Pass, TX 78336
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B
What's Special
Multifamily | 331 Units <ul><li>±27.77 acres available for development</li><li>Zoned PUD (Planned Unit Development)</li><li>Mixed-use community with 5 distinct pads</li><li>204 multifamily units planned</li><li>55 build-to-rent units</li><li>41 townhomes</li><li>31 single family lots</li><li>24,000 SF retail space</li><li>Boat storage facilities</li><li>347 surface parking stalls projected</li><li>1.7/1,000 parking ratio</li><li>Located along TX-188 near Rockport Landing</li><li>Close proximity to Redfish
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547